Topic

Greater Bay Areai

The "Greater Bay Area" refers to the Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.

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With city’s reputation as the world’s busiest container port just a memory, a plan to revive it as an international maritime hub that has the Greater Bay Area on its doorstep raises hopes.

The flow of domestic migrants is increasingly moving in the direction of the Greater Bay Area, the Yangtze River Delta and a handful of local economic hubs.

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  • From Tuesday next week, certain goods such as pastries and chocolate will be able to clear customs and enter mainland China without needing to wait for sample test result
  • Popular chain Bakehouse and long-time operator Kee Wah Bakery hope new rules will help them deliver made-in-Hong Kong goods to hungry consumers across the border
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Banks like HSBC and Standard Chartered are urging the British government to amend a proposed legislation that aims to impose restrictions on doing business in China.

Current blueprint lacks proposals on how related sectors such as aviation, hotels, transport operators, caterers and retailers can work together, lawmaker Perry Yiu says.

The mixed-use project, close to Fanling and Sheung Shui, will include a residential component with some 2,000 flats. It will cover 150,000 sq ft and will have a total buildable floor area of over 1 million sq ft.

The HKMA plans to replace the term ‘virtual bank’ with ‘licensed digital bank’ in reference to the city’s eight branchless lenders to remove negative connotations associated with the term in Chinese.

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Simon Wong, president of Hong Kong Federation of Restaurants and Related Trades, says visitor numbers below expectations compared with pre-pandemic levels.

Mainland China visitors to Hong Kong during the golden week holiday period will be offered a host of freebies by banks vying for their business amid growing interest in the city’s cash-for-residency scheme.

Traditional Chinese medicine practitioners to receive eight months of training on the mainland and another 16 months in Hong Kong as part of government scheme.

Xinhua reports vehicle flow reached 3.26 million on mega bridge last year, after government-funded Voice of America referred to it as ‘ghost’ crossing in recent article.

Beijing has relaxed its requirements for businesses sending data outside mainland China in finalised rules, but Hong Kong’s role in the new regime remains limited, according to legal experts.

Finance chief says property and stock markets still under pressure amid geopolitical tensions, urges investment in green development and digital economy to drive growth.